The Anialik project is located in the western portion of Nunavut, approximately 170 km east southeast of Kugluktuk and approximately 575 km north northeast of Yellowknife, Northwest Territories.
The Anialik project consists of two portions of Nunavut Tunngavik Incorporated (NTI) land parcel CO-30 and six mineral claims. The combined total area of the NTI lands and the claims is 5,000 hectares.
100% North Arrow.
Covers portions of the Anialik River volcanic belt and the High Lake volcanic belt. The High Lake volcanic belt hosts the High Lake VMS deposit (17.3 million tonnes grading 3.3% Zn and 2.2 % Cu).
Historical work at North Arrow's Run Lake prospect located 28 km from High Lake has identified significant stringer copper mineralization related to the Run Horizon. Previous work by Strongbow Exploration Inc., has identified a number of prospective gold showings.
Historical sampling at the Greenstone Lake showing included: a single sample returned 2.78 g/t gold from a quartz vein with 4% pyrite; 1 g/t gold for six of eight samples, including 33.83, 22.63 and 7.98 g/t gold respectively.
2011 prospecting at Greenstone Lake resulted in six of twelve samples returning assays of greater than 1 g/t gold, including 11.2, 6.8 and 3.6 g/t gold respectively
The Anialik project covers Archean greenstone terrain which is favourable for volcanogenic massive sulphide (VMS) and gold deposits.
In the fall of 2011 prospecting identified additional mineralized shears with six of twelve samples returning assays of greater than 1 g/t gold and including assays of 11.2, 6.8 and 3.6 g/t gold respectively. The results to date identify a series of subparallel shears within a corridor measuring over 600 m long and over 50 m wide. A program of detailed geologic mapping, sampling and ground geophysics is planned for the 2012 field season.
VMS prospects include the mineralized Run Lake horizon. In the mid 1970's seven of eight drill holes drilled at Run Lake to shallow depths (<60 m) within a sequence of felsic to mafic volcanics returned Cu values ranging from 0.30% to 3.85% over widths of 1.4 to 7.6 m. More recently in 1993, deeper drilling returned 0.91% copper over 22.5 m including 0.40 m of massive sulphide mineralization returning 8.06% Zn and 1.70% Cu.
Gold mineralization includes the Locanna prospect, characterized by deformed stockwork pyritic quartz veins that locally contain significantly anomalous concentrations of gold. Mineralization occurs within a 300 m wide by 3000 m long corridor. Forty seven of 146 prospecting samples collected along this corridor returned in excess of 1 g/t gold with high values of 44.2 g/t gold, 20.9 g/t gold, and 14.2 g/t gold. Channel sampling of three areas along a 7 m strike length of one vein near the southern end of the corridor returned 14.4 g/t gold over 1.6 m, 51.2 g/t gold over 0.25 m, and 6.8 g/t gold over 1.18 m.